ICDPS

Growth in Islamic finance goes beyond asset size.

The ICD-LSEG Islamic Finance Development Report 2026 highlights structural developments that are reshaping the industry - from expanding market ecosystems and regulatory reform to sustainability, digitalisation, and the growing need for specialised talent.

Emerging markets, particularly across Africa and Central Asia, are creating new opportunities as Islamic finance develops beyond its traditional centres.

At the same time, FinTech, open banking, and tokenised sukuk are contributing to the evolution of financing, issuance, settlement, and access to Islamic financial products.

Explore the trends, markets, and opportunities shaping the next phase of Islamic finance development.

Read the full ICD–LSEG Islamic Finance Development Report 2026: icd-ps.org/uploads/files/… 

#ICD #LSEG #IFDI2026 #IslamicFinance #FinTech

Mr. Arman Kulchmanov, the Lead Principal, Development Effectiveness Office at ICD, participated today in the IsDB Group dialogue “IsDB One Group Approach to Green and Sustainable Finance.”
The session provided an opportunity to share ICD’s Sustainability Framework and key insights from its Double Materiality Assessment, highlighting the sustainability priorities most relevant to ICD’s private-sector development mandate.
Beyond sharing institutional experiences, the dialogue explored opportunities to strengthen sustainability integration across Group entities, identify areas for greater collaboration, and advance a more coordinated approach to green and sustainable finance.
The exchange is expected to contribute to stronger alignment across institutional efforts, greater understanding of complementary capabilities, and identification of practical opportunities for collaboration towards more coordinated green and sustainable finance solutions and greater development impact across Member Countries.

#ICD #KnowledgeWeek #PrivateSectorDevelopment #JointDelivery #DevelopmentImpact

Dr Khalid Khalafalla, Acting CEO of ICD, participated in the opening session, “One Group in Practice: Operational Knowledge for Joint Delivery and Shared Impact,” at Knowledge Week in IsDB Group HQ, Jeddah, KSA. The session explored how shared expertise across the IsDB Group can strengthen coordinated delivery and development results.

For ICD, the objective is to combine its private-sector perspective with the Group’s sector expertise, local knowledge and risk assessment capabilities to strengthen project assessment and delivery.

The discussions highlighted joint due diligence and appraisal as practical mechanisms for collaboration. Experience involving ICD demonstrated that assessing transactions together in the field enables a richer exchange of operational knowledge than reviewing reports separately.

Building on this experience, better-aligned processes and coordinated assessments can support private-sector investment more effectively with the intended outcome of stronger project delivery and greater development impact, not simply higher transaction volumes.

#ICD #KnowledgeWeek #PrivateSectorDevelopment #JointDelivery #DevelopmentImpact

ICD is participating in the 42nd Ministerial Session of COMCEC in Istanbul, Türkiye, from 31 October to 3 November 2026, represented by Dr. Elvin Afandi, Manager of Corporate Strategy & Research, and Duygu Uyanik, Principal of Portfolio Management.

Addressing delegates, Dr. Afandi highlighted ICD’s contribution to private sector development, expanding access to Islamic finance, supporting SMEs, and creating employment opportunities across its member countries.
He also outlined ICD’s Corporate Strategy 2026–2030, emphasizing the importance of strong partnerships in scaling development impact and advancing sustainable growth across member countries.

ICD’s participation reflects its continued commitment to working with its partners to strengthen private sector-led development and expand the reach of Shariah-compliant finance.

#ICD #COMCEC #IslamicFinance #PrivateSectorDevelopment #SMEs

ICD is pleased to announce the signing of an Expression of Intent with Open Bank for a potential USD 10 million Line of Financing in Uzbekistan.

The proposed collaboration aims to support private sector development in the country by expanding access to Shariah-compliant financial solutions and strengthening financing opportunities for eligible businesses in Uzbekistan.

Through this partnership, ICD continues its commitment to advancing Islamic finance, supporting entrepreneurship, and promoting sustainable private sector growth across its member

countries.

Read more:

icd-ps.org/en/news/icd-an…

#ICD #OpenBank #Uzbekistan #IslamicFinance #PrivateSectorDevelopment